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Former SEC-registered adviser

P••••••• R•• C•••••• M••••••••• I•••

Former SEC-registered adviserFort Worth, TexasCRD 114408SEC 801-123668websiteIAPD
Latest filing Jul 14, 2025
First filing on the tape Feb 29, 2012 · 10 filings
SEC status approved since Apr 11, 2022
RAUM
$59.5M
reported, Item 5.F
Discretionary
93%
of RAUM
Private clients
100%
$59.5M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$59.5M
derived; firm RAUM over IAPD count
Employees
1
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
10 filings and snapshots on the tape
RAUM$59.5M as of Jul 14, 2025
Feb 29, 2012$45.0M then
HNW client RAUM$58.8M as of Jul 14, 2025
Mar 28, 2023$106M then
State-registered IARs (5.B.3)1 as of Jul 14, 2025
Feb 29, 20120 then
Employees (5.A)1 as of Jul 14, 2025
Mar 28, 20232 then
Private funds: no history
RAUM -34% over the last fiscal yearIARs 1 to 1
Practice profile
derived from the filing of Jul 14, 2025; every figure names its basis
RAUM per advisor
$59.5MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
98derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$639,080derivedHNW RAUM over HNW clients
Average account
$606,786derivedRAUM over accounts (5.F.2.f)
Discretionary
93%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
1.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-34%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
-6.7%derived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, otherreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$58.8M99%
  • Individuals$669,6561.1%
Individual clients
6reported
HNW clients
92reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
98reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, performancereported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
B•••• M•••••• P•••••••Fort Worth, TxAug 12, 202531 y1
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Joined, latest
none on the tape
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • P•••••••• B••••• M•••••• · President, Chief Compliance Officer, Treasurer & Directorcontrol
      since 05/2002 · owns 75% or more
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Financial planning clients · unset to
      May 29, 2025 to Jul 14, 2025
    • Accounts · 110 to 98
      Mar 13, 2024 to Apr 29, 2025
    • Corporate clients · 5.0 to unset
      Mar 13, 2024 to Apr 29, 2025
    • HNW clients · 98 to 92
      Mar 13, 2024 to Apr 29, 2025
    • Individual clients · 7 to 6
      Mar 13, 2024 to Apr 29, 2025
    • Discretionary RAUM · $75.1M to $55.1M
      Mar 13, 2024 to Apr 29, 2025
    • HNW RAUM · $87.3M to $58.8M
      Mar 13, 2024 to Apr 29, 2025
    • Individual RAUM · $799,523 to $669,656
      Mar 13, 2024 to Apr 29, 2025
    • Non-discretionary RAUM · $15.5M to $4.4M
      Mar 13, 2024 to Apr 29, 2025
    • RAUM · $90.7M to $59.5M
      Mar 13, 2024 to Apr 29, 2025
    • Accounts · 290 to 110
      Aug 15, 2023 to Mar 13, 2024
    • HNW clients · 101 to 98
      Aug 15, 2023 to Mar 13, 2024
    • Individual clients · 26 to 7
      Aug 15, 2023 to Mar 13, 2024
    • Discretionary RAUM · $87.9M to $75.1M
      Aug 15, 2023 to Mar 13, 2024
    • HNW RAUM · $106M to $87.3M
      Aug 15, 2023 to Mar 13, 2024
    • Individual RAUM · $3.0M to $799,523
      Aug 15, 2023 to Mar 13, 2024
    • Non-discretionary RAUM · $23.8M to $15.5M
      Aug 15, 2023 to Mar 13, 2024
    • RAUM · $112M to $90.7M
      Aug 15, 2023 to Mar 13, 2024
    • Advisory employees · 2 to 1
      Mar 28, 2023 to Aug 15, 2023
    • Employees · 2 to 1
      Mar 28, 2023 to Aug 15, 2023
    • State-registered IARs · 2 to 1
      Mar 28, 2023 to Aug 15, 2023
    • Corporate clients · 4 to 5
      Mar 10, 2022 to Mar 28, 2023
    • HNW clients · 125 to 101
      Mar 10, 2022 to Mar 28, 2023
    • Individual clients · 13 to 26
      Mar 10, 2022 to Mar 28, 2023
    • Discretionary RAUM · $128M to $87.9M
      Mar 10, 2022 to Mar 28, 2023
    • HNW RAUM · $156M to $106M
      Mar 10, 2022 to Mar 28, 2023
    • Individual RAUM · $1.3M to $3.0M
      Mar 10, 2022 to Mar 28, 2023
    • Non-discretionary RAUM · $33.5M to $23.8M
      Mar 10, 2022 to Mar 28, 2023
    • RAUM · $161M to $112M
      Mar 10, 2022 to Mar 28, 2023
    • Accounts · 189 to 290
      Jun 22, 2012 to Mar 10, 2022
    • Advisory employees · unset to 2.0
      Jun 22, 2012 to Mar 10, 2022
    • Corporate clients · unset to 4.0
      Jun 22, 2012 to Mar 10, 2022
    • HNW clients · unset to 125.0
      Jun 22, 2012 to Mar 10, 2022
    • Individual clients · unset to 13.0
      Jun 22, 2012 to Mar 10, 2022
    • Employees · unset to 2.0
      Jun 22, 2012 to Mar 10, 2022
    • State-registered IARs · 0 to 2
      Jun 22, 2012 to Mar 10, 2022
    • Other offices · unset to 0.0
      Jun 22, 2012 to Mar 10, 2022
    • Discretionary RAUM · $45.0M to $128M
      Jun 22, 2012 to Mar 10, 2022
    • HNW RAUM · unset to 156294172.0
      Jun 22, 2012 to Mar 10, 2022
    • Individual RAUM · unset to 1317842.0
      Jun 22, 2012 to Mar 10, 2022
    Signals
    4 dated events
    • P••••••• R•• C•••••• M••••••••• I••• no longer on the SEC adviser roster (last listed 2025-08-01, RAUM $59.5M)
      Sep 2, 2025 · Left the SEC roster · derived
    • Richard P••• Ray (Vp, Secretary, Director) no longer on Schedule A of P••••••• R•• C•••••• M••••••••• I••• (listed 2023-03-28, absent 2023-08-15)
      Aug 15, 2023 · Control person left · inference
    • P••• R• R•• left P••••••• R•• C•••••• M••••••••• I••• for J••• M••••• S••••••••• L•• (registered 2023-08-23)
      Apr 12, 2022 · Advisor changed firm · fact
    • P••••••• R•• C•••••• M••••••••• I••• filed its initial SEC registration (Form ADV)
      Mar 10, 2022 · First SEC registration · fact
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    How to reach
    public business contact points only, each with its source
    Website
    p•••••••••.comreportedpublic record, Form ADV, Sep 21, 2026
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    $59.5Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026